WLCSP(SH:603005) Zheng Quan Zhi Xing·2025-08-22 16:49Core Viewpoint - Suzhou Jingfang Semiconductor Technology Co., Ltd. has decided to abolish its supervisory board and amend its articles of association and related rules, with the proposal pending approval from the shareholders' meeting [1][2]. Summary by Sections Cancellation of Supervisory Board - The company will no longer have a supervisory board, with its responsibilities transferred to the audit committee of the board of directors. Relevant rules and regulations concerning the supervisory board will be abolished [2][3]. - Until the shareholders' meeting approves the cancellation, the current supervisory board will continue to fulfill its duties in accordance with applicable laws and regulations [2]. Amendments to Articles of Association - The company plans to revise certain provisions of its articles of association based on the updated Company Law and relevant regulations [2][3]. - Key amendments include: - The legal representative of the company will now be a director instead of the chairman [2]. - New provisions will clarify that civil activities conducted by the legal representative on behalf of the company will have legal consequences for the company [3]. - The company will assume civil liability for actions taken by the legal representative, with the right to seek recourse from the representative if necessary [3]. - Additional changes include the definition of senior management personnel and the establishment of a party organization within the company [5][6].